Sherwood Chamber of Commerce
Public records raise at least one point you should look into before giving.
What it says it does
The mission of the Sherwood Area Chamber of Commerce is to enhance the business environment, the economic well-being and quality of life for the Sherwood area. Our association consists of businesses, organizations, and individuals that work toward the interests of our business community. We continue to focus on growing the local economy, advocating on behalf of our members at all levels of government as well as our educational establishments.
- Income
- $186,303
- Spending
- $169,226
- Employees
- 0
- Volunteers
- 0
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- The Chamber implemented an Economic Development Program, funded by the city of Sherwood, to promote Sherwood. We strive to be the "go to organization for business networking, business expansion, professional development and community relationships. Membership participation helps to increase the awareness of economic growth in the Sherwood and Pulaski County area. Our Office of Economic Development has invested time, energy, and resources to attract jobs, retain businesses and generate economic development for the entire community.
- Significant activities include business advocacy, member services, and educational and compliance services. Business advocacy involves the support of pro-business legislation that encourages job creation and economic growth in Sherwood. Member services involve cost savings programs such as insurance benefits, discounts within business community, and networking opportunities to connect members with the local community. Educaitonal and compliance services involve providing educatinal seminars on business related topics to keep members as well as the local business community informed.
- We offer a variety of events that provide valuable networking opportunities and avenues for business exposure. These events serve four primary functions for our members and the community: promote, honor, connect and grow. The events include a service awards luncheon to honor our local first responders, an annual banquet to honor chamber and community leaders, an Academic Signing Day recognizing student achievement in our local schools, a golf tournament showcasing out beautiful city-owned golf course, a community fish fry connecting the business community with local residents and a Veterans' Day parade to honor local and state veterans organizations.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(6) business league.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(6) business league as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since July 1973.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.